With so many businesses succumbing to the effects of the ongoing Covid-19 pandemic and shutting their doors, consumers must be quite careful before subscribing to specific cable or internet packages. This is because the companies that you may choose to work with may not exist a few months down the line.
While experts believe that a massive economic recession is on the way, the cable industry is expected to see fewer losses as compared to other industries. Additionally, many experts believe that Charter Communications will be able to pass through the Covid-19 pandemic unscathed, with a few minor bumps along the road. The following is a breakdown of how experts believe each vertical of Charter Communications will fare:
Spectrum Internet
Spectrum Internet is one of the most popular internet services as far as consumer choice goes. With the Covid-19 pandemic leading to multiple lockdowns throughout the world, there has been a significant uptick in internet usage along with internet speed upgrades. There are many reasons why this is expected to continue as a trend, for instance:
- Consumers spending more time at home are more likely to stream higher volumes of content for entertainment
- Professionals who are now working from home require high-speed, reliable internet in order to carry out their tasks
- Avid gamers are also spending more time enjoying their favorite games online in the multiplayer mode
These behaviors are expected to continue, which is why it’s fair to say that Spectrum Internet will not suffer. In fact, as Charter Communications offers a range of packages to suit different budgets, it is quite unlikely that consumers will downgrade their internet speeds once the pandemic is over.
Having said that, it’s also important to note that since most people are refraining from moving into new homes at this time, the number of new subscriptions that Charter Communications will see may be limited. The increase in speed upgrades, though, should make up for this.
Spectrum TV
The last decade has seen a rapid shift in the way people watch TV. More and more people are choosing to cut the cord and stream content online. With the ongoing pandemic, experts believe that the number of consumers cutting the cord will only increase.
How will this affect Charter Communications? Spectrum TV offers a range of packages that include access to on-demand content. As a result, consumers who subscribe to these packages can get the best of both worlds – TV and streaming content. Additionally, you can choose your own channel lineup with Spectrum TV Packages,which is a great way to make sure that you actually get value out of your cable TV subscription.
In order to know more about the different Spectrum TV packages (along with the Spectrum Bundle Packages) that you can choose from, here’s Spectrum’s phone number: 1-855-345-0208. Speaking to a customer care representative can help you understand how you can boost your entertainment during this pandemic.
Spectrum Commercial Markets
It’s no secret that small businesses will be affected the most by the Covid-19 pandemic. As small and midsized companies make for a large subscriber base for cable TV, experts predict that this is where most cable service providers like Charter Communications will see the highest impact.
14% of Charter Communication’s revenue is made up of business that comes from commercial markets. Of this, at least 60% of the revenue comes directly from small to midsized businesses. With these businesses slated to shut their doors, experts believe that the company can expect a dip in revenue from this specific sector.
SpectrumMobile
Charter Communication recently entered the mobile/wireless market and due to its relative infancy in this field, experts believe that this vertical of the company will see a bit of a hit as far as new subscriptions are concerned. However, even though this does spell bad news for Charter Communications, it is important to note that the company generates less than 2% of its revenue from this market. So, even though there is likely to be a decrease in subscriptions, it should not impact the company as a whole.
Since Charter Communications offers a wide range of services, experts believe that the smaller setbacks should easily be cancelled out by the positive growth that the company will enjoy. For instance, the decrease in new wireless subscriptions will be canceled out by other positives such as an increase in internet speed upgrades, upgrades in Spectrum TV subscriptions for access to more HD and premium channels, and so on. This is why most industry experts believe that the company will pass through the Covid-19 storm unscathed.
Should you switch to Charter Communications?
If you are unhappy with your current service provider, it makes sense to switch to Charter Communications’ services as it offers premium-level services at affordable rates. In fact, this factor is singularly responsible for the massive popularity that the company has seen over the last few years. With multiple packages available at different price points, consumers should be able to access their favorite channels and on-demand shows without having to break the bank.
While no one can truly predict the impact of the Covid-19 pandemic on businesses, most experts are quite confident of the fact that a huge recession is on its way, and most businesses across many industries are likely to shoulder the impact in the coming months and years.
Picking service providers that are here to stay is a great way to make sure you don’t have to switch service providers every few months. Charter Communications is one such service provider that should be able to meet all your needs with ease, no matter what your budget is.
In order to make an informed decision about whether or not you should switch to Charter Communications, check out their website and go through the services that they offer (along with the price points for each service).
